> the websites I frequented the most frequently [...] still received only pennies.
And what I don't understand is when I decide I want to subscribe to a newspaper, it's hundreds of dollars a year. They take pennies to serve me spam and malware, but if I want to pay them, it's 1000x the price.
And don't get me started on how the Washington Post gives a $70 annual discount on a digital subscription if you agree to receive a print copy of the Sunday edition. It sounds incredibly stupid and backward until you remember, advertising.
Netflix was massively popular because the price was anchored against the price of cable. Americans were used to paying $100/mo or more for a collection of channels of which the majority were never watched. (because... ESPN? I never understood that) So $10/mo looked like a bargain.
Currently, online journalism is anchored against the price of free. So if I want to sit down with my coffee and read an article from the New York Times, another from Washington Post, and a counter-point from the Wall Street Journal and the Economist, and follow that up with a long-form piece from the New Yorker, I can either pay $500/yr, or remember to right click each article and open in incognito mode.
Yeah but if it was like 1$ a month each or 10$ for all newspaper problem solve customers would pay.
They just haven't figured out yet that on the web no-one is ready to pay 15$ for access to a single news source given that no-one is able to actually read all available content produced in one day.
New potential news customers born in the 1990 are like bees that fly from sites to sites.
Loyals customers that relly on one newspaper and are paying high fee are elderly people and they will stop paying when they unfortunately dies.
It all about not getting the demographic of you potential customer base...
I, too, am waiting for a cross-publisher content network. I'd easily pay $30/mo, instead of the $0 I'm paying now.
But, for the individual publisher, this would mean the end of their current subscriber base and 70%+ of revenue. I'm pretty sure the NYT has a spreadsheet somewhere, and currently it's still saying that they are likely to lose out in such a model.
If they get, say, 10% of my $30, that's $3 x 12 = $36, which is about 1/10 of their current price. Could they increase their subscriber base by an order of magnitude with such a model? I'd say it's possible, but it's just too big a risk right now. And the numbers may be less favourably for smaller outfits.
And what I don't understand is when I decide I want to subscribe to a newspaper, it's hundreds of dollars a year. They take pennies to serve me spam and malware, but if I want to pay them, it's 1000x the price.
And don't get me started on how the Washington Post gives a $70 annual discount on a digital subscription if you agree to receive a print copy of the Sunday edition. It sounds incredibly stupid and backward until you remember, advertising.